Tuesday, November 11, 2014

can a credit company take my car it is not worth much and i am 72 years old on social security and the only means i have to go to the doctor...

Question

can a credit company take my car it is not worth much and i am 72 years old on social security and the only means i have to go to the doctor or store is my car



Answer

If the creditor is the car lender that has a lien on the vehicle, the car lender can repossess your car if you don't make payments. If this is another creditor that got a judgment against you, they are not allowed to take your car, provided it has no more than $6000 of equity.



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